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Madbid.com - is it worth a go?

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Hawkwalk | 21:52 Sun 31st Oct 2010 | How it Works
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Has anyone here used Madbid.com and do you know if it is worth it. Any idea what the average number of bids would be before you won anything. I can see some real bargains but I imagine that winning the bid would be hard and may cost a lot.
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I personally wouldn't use it. It's £1 a bid and each bid makes the price go up by a penny I think. So when you see a latop for £84.62, this means the site has made £8462 on it!
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it is only 25 to 30 pence a bid but I was wondering what the average amount of bids would be for a win. It would be good to hear from someone who has used the site.
If it looks too good to be true...
...Then it is too good to be true.
> I can see some real bargains

They are only bargains if you can get them at a decent price.

I you spend hundreds of pounds bidding and get nothing they are not bargains.

Steer clear of the site.

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